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BMG terminates deal to acquire Bulgarian mining assets

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BMG terminates deal to acquire Bulgarian mining assets

BMG Resources Ltd. opted not to proceed with an option to acquire certain Bulgarian mineral assets, following due diligence.

In January, the company secured the rights to fully acquire four polymetallic exploration projects, namely the Trun, Babyak, Srebren and Zidarova/Varshilo projects.

The company, meanwhile, retains its minority ownership of the Treasure copper-gold project in Cyprus through its 30% stake in Treasure Development Ltd.